JW10 said: CNBC says the bond market in general has had a shock this week. Some expect significant across the bond markets as President-Elect potential policies sink in the bond market mentality. But at ETrade it is currently priced at 115.722.
Senior Member - 3K
posted: Nov. 10, 2016 @ 9:23p
The following data was from Fidelity websites.
This bond is insured AA- / A2 rating This bond has call protection meaning it cannot be taken away sooner than the maturity date. This bond is federal income tax free paying every six months at 5.50% APR
The 95.822 price was once only and may have been on a different market than ETrade uses.
I believe the bond market will be closed until Monday. Check the price then.
posted: Nov. 10, 2016 @ 9:51p
Looks like a mis-priced transaction and I'll be surprised if it is not reversed and removed (it doesn't make any sense to buy a bond @ 11/10/2016 02:52 PM for 114.51 and then turn around and sell it for such a loss (huge markdown) in less than 30 minutes (11/10/2016 03:16 PM) for 95.822.
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